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Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
 After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following the major drop this year triggered by the Covid-19 crisis, according to a new report from the International Energy Agency.
However, there is little sign that the world’s coal consumption is set to decline substantially in the coming years, with rising demand in some Asian economies offsetting declines elsewhere. As coal is by far the single largest source of global energy-related carbon emissions, the trends outlined in the report pose a major challenge to efforts to put those emissions on a path compatible with reaching climate and sustainable energy goals.
The past two years have seen historic falls in global coal demand, led by unprecedented drops in the United States and Europe, says Coal 2020, the latest edition of the IEA’s annual market report on the sector. A 1.8% decline in coal demand in 2019 resulted mainly from weak growth in electricity demand and low natural gas prices. Latest estimates from the IEA suggest coal demand will have plunged by a further 5% in 2020 on the economic fallout from Covid-19.
“The Covid-19 crisis has completely reshaped global coal markets. Before the pandemic, we expected a small rebound in coal demand in 2020, but we have since witnessed the largest drop in coal consumption since the Second World War,” said Keisuke Sadamori, the IEA’s Director of Energy Markets and Security. “The decline would have been even steeper without the strong economic rebound in China – the world’s largest coal consumer – in the second half of the year.”
Based on the assumption of a recovery in the world economy, the IEA report forecasts a 2.6% rise in global coal demand in 2021, driven by higher electricity demand and industrial output. China, India and Southeast Asian economies account for most of the growth, although the United States and Europe may also both see their first increases in coal consumption in nearly a decade. However, global coal demand in 2021 is still forecast to remain below 2019 levels and could be even lower if the report’s assumptions for the economic recovery, electricity demand or natural gas prices are not met.
The rebound in coal demand in 2021 is set to be short-lived, with coal use forecast to flatten out by 2025 at around 7.4 billion tonnes. This would make 2013, when global coal demand reached 8 billion tonnes, coal’s all-time peak. But while coal’s share in both the electricity mix and the overall energy mix are in steady decline, coal use in absolute terms is not set for a rapid decline in the immediate future.
“Renewables are on track to surpass coal as the largest source of electricity in the world by 2025. And by that time, natural gas will likely have taken over coal as the second largest source of primary energy after oil,” said Mr Sadamori. “But with coal demand still expected to remain steady or to grow in key Asian economies, there is no sign that coal is going to fade away quickly.”
The future of coal will largely be decided in Asia. Today, China and India account for 65% of global coal demand. With Japan, Korea, Taiwan and Southeast Asia included, that share rises to 75%. China, which currently accounts for half of the world’s coal consumption, will be especially influential. By 2025, the European Union and United States will account for less than 10% of global coal demand, down from 37% in 2000. This will make the impacts of any further changes in demand in these markets very limited.
Source: IEA - Press Release
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Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...
Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday.
& ...
Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...
Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.
The index, released by China ...
Wednesday, 25 November 20
MARKET INSIGHT - INTERMODAL
Over 90% of the world’s goods are transported by sea. LPG is a clean, energy efficient and portable fuel that is being marketed at an afforda ...
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- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- The University of Queensland
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
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